Arcese made a larger annual loss last year despite turnover growth

Arcese
 

Arcese UK reported a £2.9m increase in turnover last year, but profit slid further into the red, with the firm making a £939,000 pre-tax loss “due to increasing business costs”. The Tilbury and Daventry-based logistics and freight forwarding company saw turnover rise to almost £25m for the year ending 31 December 2018, which it attributed primarily to “our larger customer contracts and increased volumes with them”. Sales increased in both its UK and European activities, by 10.5% and 17% respectively. […]